2021-03-31-accounts - Lincoln & Lindsey Blind Society

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Report ofthe	Trustees		1to8
Independent	Examiner's	Report
Statement of	Financial	Activities	10
Ba Iance Sheet			11to 12
Notes to the Financial Statements			13to 21

Staffing; Talented staff are	Staffing; Talented staff are	not attracted, developed	not attracted, developed	Recruitment policies and procedures.
and retained in an increasingly competitive labour				Formal reviews, appraisals and development		plans.
market.				Salary Reviews.
Reputation and Operation:		Events that could	impact	Comprehensive training and awareness	programme
reputation and operations.		This could include	a	for all staff,
serious fraud or significant		health and safety
incident.				Regular reviews and reports to the Executive		Committee.
Safeguarding ofstaff, clients and volunteers				Risk assessments and policies are in place.
Governance and Processes:		No adequate or		Governance Policy and Trustee Manual	in place.
appropriate governance and processes in place.				Five year strategy in place.
Data Protection Breach				Stringent data protection and cyber security		policies		in
				place, along with privacy statements.
Cyber Security				Programme oftraining for staff.
External Environment: Inability to respond				Focusing on the needs of people with a	visual
effectively to a significant	change in the external			impairment and increased involvement	of clients		in
environment.				the development ofthe organisation and services.
				Partnership working.
				Monitor sector and act on any significant	change.
In March 2020 the Society	had to make changes to the way the Society operated, due to the COVID-19 pandemic.

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31MARCH 2021				2021	2020
		Unrestricted	Restricted	Tota I	Tota I
	Note	Funds	Funds	Funds	Funds
INCOMING RESOURCES
Incoming resources from
generated funds
Voluntary income		26,535	124,092	150,627	489,125
Activities for generating funds		1,628	0	1,628	1,470
Investment income		6,033	0	6,033	4,313
Incoming resources from
charitable activities
Activities in furtherance ofthe
charity's objects		22,907	205	23,112	48,163
Totallncoming Resources		57,103	124,297	181,400	543,071
RESOURCES EXPENDED
Costs ofgenerating funds
Fundraising trading: cost of
goods sold and other costs		13,505		13,505	14,086
Charitable activities
Activities in furtherance ofthe
charity's objects	7	159,039	135,409	294,448	324,454
Goverance costs	11	6,899		6,899	6,582
Total Resources Expended		179,443	135,409	314,852	345,122
NET INCOMING/(OUTGOING)
RESOURCES		-122,340	-11,112	-133,452	197,949
Other recognised gains/losses
Realised gains/losses on sale of
fixed asset investments		14,383	0	14,383	-8,334
Net movement in funds		-107,957	-11,112	-119,069	189,615
RECONCILIATION OF FUNDS
Total funds brought forward		516,094	145,160	661,254	471,639
Transfer Restricted Fixed Assets		15,437	-15,437	0	0
TOTAL FUNDS CARRIED FORWARD		423,574	118,611	542,185	661,254

BALANCE SHEET
AT 31MARCH 2021						2021	2020
			Unrestricted	Restricted		Total	Total
		Note	Funds	Funds		Funds	Funds
			E	E		f
FIXED ASSET
Tangible Assets		17	162,917	0		162,917	153,054
Investments		18	237,891	88,431		326,322	387,577
			400,808	88,431		489,239	540,631
CURRENT ASSETS
Stocks			10,138	0		10,138	10,315
Debtors 8 Payments	in Advance	19	6,329	0		6,329	22,248
Cash at Bank			20357	30,180		50,537	109,489
			36,824	30,180		67,004	142,052
CREDITORS
Amounts falling due
within one year		20	14,058	0		14,058	21,429
			14,058	0		14,058	21,429
NET CURRENT ASSETS			22,766	30,180		52,946	120,623
TOTAL ASSETS LESS
CURRENT LIABILITIES			423,574	118,611		542,185	661,254
NET ASSETS			423,574	118,611	'	542,185	661,254
FUNDS		21
Unrestricted funds						423,574	516,094
Restricted funds						118,611	145,160
TOTAL FUNDS						542,185	661,254

NOTES TO THE FINANCIAL STATE FOR THE YEAR ENDED 31MARCH	NOTES TO THE FINANCIAL STATE FOR THE YEAR ENDED 31MARCH	MENTS - CONTINUED 2021
2. VOLUNTARY INCOME			Unrestricted	Restricted	2021	2020
			f	f	E	f
Donations and Gifts			24,074	40,742	64,816	46,200
Legacies			2,461	0	2,461	414,883
Reaching Communities	Grant		0	0	0	13,422
RNIB - ECLO			0	0	0	14,620
Benefit Officer Project			0	83,350	83,350	0
			26,535	124,092	150,627	489,125
3. ACTIVITIES FOR GENERATING		FUNDS	Unrestricted	Restricted	2021	2020
			E	E	f	f
General fundraising			1,628	0	1,628	1,390
Lettings			0	0	0	80
			1,628	0	1,628	1,470
4. INVESTMENT INCOME			Unrestricted	Restricted	2021	2020
			E	f	f	f
Income from listed investments			6,032	0	6,032	4,294
Interest Receivable			1	0	1	19
			6,033	0	6,033	4,313
5. INCOMING RESOURCES FROM		CHARITABLE ACTIVITIES
			Unrestricted	Restricted	2021	2020
			f	E	f	E
Service charge			2,742	0	2,742	4,319
Membership subscriptions			13,877	0	13,877	16,004
Grants Receivable			0	205	205	2,421
Social Clubs			0	0	0	763
Awards for All —Trailer			0	0	0	10,000
Sale of aids & equip			6,288	0	6,288	14,656
			22,907	205	23,112	48,163
6. FUNDRAISING TRADING: COST		OF GOODS SOLD AND OTHER COSTS			2021	2020
					f	f
Staff costs					13,505	13,237
Other costs					0	849
					13,505	14,086
7. CHARITABLE ACTIVITIES COSTS				Grant funding	Support
			Direct costs	ofactivities	costs	Totals
			(see Note 8)	(see note 9)	(see note 10)
Activities in furtherance			f	E	f	E
ofthe charity's objects			237,240	205	57,003	294,448

					Unrestricted	Restricted	2021	2020
					E	E	f	f
Staff salaries					87,432	105,727	193,159	190,148
Talking News & Links Voice					0	0	0	2,204
Domiciliary	visiting	service			725	0	725	11,764
Volunteer exps 8 Social clubs					0	0	0	2,540
Befriending	service				2,824	0	2,824	20,589
Benefit Officer exps					0	26,406	26,406	0
ECLO costs					0	0	0	174
Purchase of	aids &equipment				6,119	1,113	7,232	17,834
Launch pad	costs				0	1,454	1,454	4,421
Trailer exps					0	504	504	0
Loss on disposals					0	0	0	134
Depreciation					4,936	0	4,936	2,496
					102,036	135,204	237,240	252,304
9. GRANTS	PAYABLE				Unrestricted	Restricted	2021	2020
Activities in	furtherance		ofthe		f		f	f
charity's objects					0	205	205	2,292
Grants payable relate to individuals				in line with the charity's	objectives.
							2021	2020
10. SUPPORT COSTS							E	f
Activities in	furtherance		ofthe charity's objects				57,003	69,858
Support costs included			in the above	are as follows:
					Unrestricted	Restricted	2021	2020
					f	f	f	f
Wages					50,235	0	50,235	49,214
Head Office	costs				5,651	0	5,651	18,877
Travel					65	0	65	938
Subscriptions					414	0	414	556
Depreciation					638	0	638	273
					57,003	0	57,003	69,858
11. GOVERNANCE		COSTS					2021	2020
							f	f
Staff costs							1,000	1,000
Professional	fees						5,877	4,791
Meetings and conferences							22	791
							6,899	6,582
12. NET INCOMING/(OUTGOING)RESOURCES
							2021	2020
Net resources are stated after charging/(crediting):							f	f
Depreciation	-owned assets						5,573	2,769


14. STAFF COSTS				2021	2020
				f	E
Wages and salaries				223,314	220,644
Social security costs				12,857	12,465
Other pension costs				21,728	20,490
				257,899	253,599
The average monthly	number	of employees	during the year was as follows:
Sight impairment Officers
Benefit Officer
Fundraising
Administration S.Support services
Management
Volunteer co-ordinators
				13	13

17. TANGIBLE ASSETS
		Land and		Computers
	Trailer	Buildings	Equipment	&I-Pads	Totals
COST		E	E	f	f
At 1April 2020		150,000	10,794	3,269	164,063
Additions	15,437	0	0	0	15,437
At 31March 2021	15,437	150,000	10,794	3,269	179,500
DEPRECIATION
At 1April 2020	0	0	8,258	2,751	11,009
Charge for year	3,087	0	2,159	328	5,574
At 31March 2021	3,087	0	10,417	3,079	16,583
NET BOOK VALUE
At 31March 2021	12,350	150,000	377	190	162,917
At 31March 2020	0	150,000	2,536	518	153,054


Land & Build	ings valuation	2021	2020
		f	E
Cost		193,830	193,830
Accumulated	Depreciation	0	0
At 31March	2021	193,830	193,830

. FIXED ASSET INVEST		ENTS					Fixed Asset
							Investments
COST							E
At 1 April 2020							387,577
Additions							81,366
Disposals							-159,643
Profit/Loss on Sale of Investments							14,383
Dividends re-invested							2,639
At 31 March 2021							326,322
Market Values							f
At 31 March 2021							378,334
At 31 March 2020							352,809
The historical cost data above relates to the original cost of the investments					and includes	a mix ofthose
purchased by the company		and those gifted to the charity.
The charity held no investments			that were more	than 5/o ofthe portfolio
19. DEBTORS:AMOUNTS	FALLING DUE WITHIN			ONE YEAR		2021	2020
						E	E
Other debtors						6,329	6,811
Payment in Advance for Trailer						0	15,437
						6,329	22,248
20. CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR				2021	2020
						f	f
Deferred Income						6,052	11,820
Taxation and social security						2,554	2,554
Other creditors						5,452	7,055
						14,058	21,429

21. MOVEMENT	IN F	UNDS				Net
					movement
				31//03 2020	I	1 0	Transfer	31 03	2021
				f		f
Unrestricted funds
General fund				516,094		-107,957	15,437	423,574
Restricted funds
Designated funds	- Benefit Advice		Project	116,214		-27,783		88,431
Lottery Fund - Trailer				10,000		-10,000			0
Trailer Expenses	Fund			0		8,634			8,634
Mablethorpe Club Funds				196		0			196
Westcliff Club Funds				114		0			114
Tesco Club Funds				105		0			105
Moorland Lincoln	Funds			293		0			293
Horncastle Social	Group			50		0			50
IT Equipment/Support		Fund		18,188		2,600		20,788
				145,160		-26,549	0	118,611
TOTAL FUNDS				661,254		-134,506	15,437	542,185
Net movement in funds, included			in the above are as follows:
				Incoming	Resources		Gains and	Movement
				resources	expended		Losses	in funds
						f
Unrestricted funds
General fund				57,103		-179,443	14,383	-107,957
Restricted funds
Designated funds	—Benefit Advice		Project	83,350		-111,133		-27,783
Befriending Donations				18,500		-18,500			0
Lines Community	Fund			2,500		-2,500			0
Fixed Asset- Trailer				5,437		-15,437		-10,000
Trailer Expenses	Fund			9,138		-504			8,634
Grants				205		-205			0
Mablethorpe Club Funds				0		0			0
Westcliff Club Funds				0		0			0
Tesco Club Funds				0		0			0
Moorland Lincoln	Funds			0		0			0
Horncastle Club Funds				0		0			0
IT Equipment/Support		Fund		5,167		-2,567			2,600
				124,297		-150,846		-26,549
			TOTALFUNDS	181,400		-330,289	14,383	-134,506